According to various media reports, Jio Financial Services Ltd., which is owned by billionaire Mukesh Ambani, has discussed forming an insurance partnership with Allianz SE in India as the German company looks to end two current joint ventures in the nation. Jio Financial and Allianz are seeking to open a
According to various media reports, BlackRock Inc., the largest asset manager in the world, is in talks to establish a private credit venture with billionaire Mukesh Ambani's Jio Financial Services Ltd., with the goal of taking advantage of the growing direct lending opportunities in India. This 50-50 joint
The non-bank financial company Jio Financial Services Ltd (JFSL), which is a subsidiary of Reliance Industries, has been in the news recently. The Department of Economic Affairs, Ministry of Finance, authorised JFSL to raise the foreign investment limit to 49% of its total stock on a fully diluted basis, which
In response to the announcement that it has formed a subsidiary to market financial goods, Jio Financial Services Ltd.'s stock increased by more than 1.6% in Friday's early trades, August 16. In a stock filing on August 15, JFSL shared the news that the company
JioFinance
On Tuesday, in conjunction with the Olympic Games in Paris, Jio Financial Services launched its JioFinance app worldwide. The corporation has made this smart decision to accommodate the large number of tourists, particularly those from India, who are visiting the city. Using the JioFinance app, customers may pay digitally at
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Jio Financial Services collaborates with BlackRock to revolutionize wealth management and stockbroking in India, making significant strides in the financial sector. Jio Financial Services, the financial arm of Reliance Industries, has recently tied up with US-based BlackRock to make significant strides in stockbroking and wealth management. The company announced a
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A limitation on Paytm's ability to engage in banking operations beyond February 29 by India's Reserve Bank has put the country's fintech behemoth in a bind. Paytm, which was started in 2010 by Vijay Shekhar Sharma—who became famous as the face of digital